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CPO Futures Close Lower Amid Weak Export Concerns

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 6 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday, as concern over weak exports continued to pressure prices, said palm oil dealer David Ng.

Proton Sales Surge 19.7 Pct In December, Lifting Total Sales To 152,352 Units In 2024

KUALA LUMPUR, Jan 6 (Bernama) -- Proton Holdings Bhd closed out last year on a high note after selling 14,601 cars in December, a 19.7 per cent increase over the previous month and the second highest sales figure for 2024.

Ringgit Opens Higher Ahead Of PBoC Fixing 

By Karina Imran & Danni Haizal Danial Donald

KUALA LUMPUR, Jan 6 (Bernama) -- The ringgit opened higher against the US dollar and other major currencies amid cautious sentiment ahead of the People's Bank of China (PBoC) fixing today, an analyst said.

MYMBN Yet To Fully Quantify Financial Impact Due To Temporary Suspension Of Bird’s Nest Exports To China

KUALA LUMPUR, Dec 31 (Bernama) -- Bird's nest processor MYMBN Bhd has yet to fully quantify the financial impact of the temporary suspension of bird’s nest exports to China.

Malaysian Cafe Owners To Rethink Pricing Strategies As Coffee Bean Prices Reach Record Highs

KUALA LUMPUR, Jan 5 (Bernama) – Malaysian cafe owners who import coffee beans and sell speciality coffees are now faced with the challenge of rethinking their pricing strategies as coffee bean prices hit record highs. 

CPO Futures To Trade Slightly Bullish Next Week Due To Seasonally Strong Fundamentals

KUALA LUMPUR, Jan 4 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a slight bullish bias next week, given the seasonally strong fundamentals, a dealer said.

Bursa Malaysia Likely To Remain Cautious Next Week

KUALA LUMPUR, Jan 4 (Bernama) -- Bursa Malaysia is likely to remain cautious next week as investors are bracing for a cautious start to 2025, with eyes fixed on the US President Inauguration Day scheduled on Jan 20, said an analyst. 

Ringgit Extends Loss As Robust US Jobs Data Holds Greenback Near Two-year High

KUALA LUMPUR, Jan 3 (Bernama) --The ringgit extended its loss to close lower against the US dollar on Friday as robust US jobs data held the greenback at a near two-year high.

Bursa Malaysia Opens Higher Despite Softer US Market Overnight

KUALA LUMPUR, Jan 3 (Bernama) -- Bursa Malaysia rebounded to open higher on Friday, despite a weaker overnight US market. 

CPO Futures Extend Loss As Indonesia's B40 Biodiesel Delay Causes Market Uncertainty

KUALA LUMPUR, Jan 2 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its loss to close lower on Thursday as a delay in the implementation of Indonesia’s B40 biodiesel programme caused market uncertainty, a dealer said.

Bursa Malaysia Ends First Trading Day Of 2025 On Weak Note

KUALA LUMPUR, Jan 2 (Bernama) -- Bursa Malaysia’s benchmark index ended the first trading day on a subdued note due to profit-taking activities following the year-end rally in the early part of the week and in line with most regional markets. 

Maybank IB Projects Crude Oil Prices At US$70 Per Barrel In 2025

KUALA LUMPUR, Jan 2 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) expects Brent crude oil prices to be volatile and weaker this year, averaging at US$70 per barrel compared to US$80 per barrel last year.